Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

which of the following is true about regional businesses? a. they serve…

Question

which of the following is true about regional businesses? a. they serve a bigger business area than local businesses. b. they serve an international market. c. they do not operate in towns. d. they have an easier time managing resources than large multinational corporations. e. they tend to offer a large array of goods and services for consumers.

Explanation:

Brief Explanations

To determine the correct answer, we analyze each option:

  • Option A: Regional businesses typically serve a larger area than local businesses (which focus on a very small, local area like a neighborhood or a single town). This is consistent with business concepts about business area scopes.
  • Option B: International markets are served by multinational or global businesses, not regional ones (regional is more about a specific region, not international).
  • Option C: Regional businesses can operate in towns; they just serve a larger area that may include multiple towns or a region, so this is false.
  • Option D: Large multinational corporations often have more resources and better resource - management systems (due to scale, expertise, etc.), so regional businesses do not have an easier time managing resources than them.
  • Option E: Regional businesses usually do not offer as large an array of goods and services as large corporations; they focus on a more specific set of offerings for their regional market.

Answer:

A. They serve a bigger business area than local businesses.